DeFi for Mining | Leo Zhang | Compass Podcast
Bitcoin mining is a great way to generate value from interacting with the network but there are real operational risks that should be considered when mining. What if there was a decentralized way to use financial instruments to hedge against the uncertainties and lock-in the return upfront. Alkimiya Protocol is a smart contract system currently on testnet that allows any consensus producers (miners) to create financial contracts backed by the underlying “consensus resources”. In this episode Leo Zhang from Alkimiya Protocol discusses this permissionless open-source protocol for consensus capital markets.
Will Foxley: https://twitter.com/wsfoxley
🎥 TIMESTAMPS:
Intro 00:00
Progress on the Alkimiya Protocol? 00:51
How does it work? 04:54
Alkimiya Protocol on different chains? 15:40
Is Alkimiya Protocol defi? 17:44
Alkimiya and the future of BTC 21:33
Is there a market for this? 24:47
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